Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Centaurus Financial Inc.

Centaurus Financial Inc. grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 48.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,777 shares of the technology company's stock after buying an additional 1,234 shares during the quarter. Centaurus Financial Inc.'s holdings in Check Point Software Technologies were worth $705,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. World Investment Advisors raised its position in shares of Check Point Software Technologies by 4.4% during the 4th quarter. World Investment Advisors now owns 30,041 shares of the technology company's stock valued at $5,609,000 after buying an additional 1,278 shares in the last quarter. Crux Wealth Advisors purchased a new stake in shares of Check Point Software Technologies during the 4th quarter valued at about $542,000. Truist Financial Corp raised its position in shares of Check Point Software Technologies by 2.6% during the 4th quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock valued at $22,311,000 after buying an additional 3,080 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its position in shares of Check Point Software Technologies by 99.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock valued at $928,000 after buying an additional 2,478 shares in the last quarter. Finally, Hickory Asset Management Inc. purchased a new stake in shares of Check Point Software Technologies during the 4th quarter valued at about $476,000. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CHKP. Roth Capital began coverage on shares of Check Point Software Technologies in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $215.00 target price on the stock. Compass Point set a $260.00 price target on shares of Check Point Software Technologies in a report on Thursday, March 27th. BMO Capital Markets reiterated an "outperform" rating and set a $250.00 price target on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. Jefferies Financial Group upped their price target on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Sixteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $232.04.

Check Point Software Technologies Stock Down 0.0%

Shares of NASDAQ CHKP traded down $0.01 during midday trading on Tuesday, reaching $229.88. 429,204 shares of the company's stock traded hands, compared to its average volume of 780,542. The stock's 50 day simple moving average is $219.05 and its 200-day simple moving average is $207.76. Check Point Software Technologies Ltd. has a one year low of $150.56 and a one year high of $234.36. The company has a market cap of $25.28 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 3.41 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The firm had revenue of $637.80 million for the quarter, compared to the consensus estimate of $635.80 million. During the same period last year, the firm earned $2.04 earnings per share. The company's quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Check Point Software Technologies Profile

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.